RCAT vs. MVST

Last updated Jun 13, 2026

RCAT (Red Cat Holdings, Inc.) and MVST (Microvast Holdings, Inc.) are both stocks. RCAT operates in Software - Application (Technology), while MVST operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, RCAT returned 26.88%/yr vs -39.10%/yr for MVST. At a 0.18 correlation, their price movements are largely independent.

Performance

RCAT vs. MVST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Red Cat Holdings, Inc. (RCAT) and Microvast Holdings, Inc. (MVST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RCAT achieves a 40.98% return, which is significantly higher than MVST's -59.64% return.

RCAT

• 1D: -6.91%
• 1M: 18.94%
• YTD: 40.98%
• 6M: 39.05%
• 1Y: 27.77%
• 3Y*: 131.59%
• 5Y*: 26.88%
• 10Y*: —

MVST

• 1D: 0.00%
• 1M: -25.66%
• YTD: -59.64%
• 6M: -62.46%
• 1Y: -73.10%
• 3Y*: -10.38%
• 5Y*: -39.10%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RCAT vs. MVST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RCAT Red Cat Holdings, Inc.	40.98%	-38.29%	1,360.23%	-6.38%	-54.81%	-30.67%	172.73%	52,280.95%
MVST Microvast Holdings, Inc.	-59.64%	35.27%	47.86%	-8.50%	-72.97%	-66.90%	71.69%	2.15%

Correlation

The correlation between RCAT and MVST is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019	0.18

The correlation between RCAT and MVST shifts across timeframes, from 0.18 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RCAT : $1.35B MVST : $435.36M
EPS RCAT : -$0.78 MVST : -$0.27
PS Ratio RCAT : 23.24 MVST : 1.04
PB Ratio RCAT : 5.66 MVST : 0.93
Total Revenue (TTM) RCAT : $52.98M MVST : $371.64M
Gross Profit (TTM) RCAT : $2.86M MVST : $130.76M
EBITDA (TTM) RCAT : -$79.24M MVST : -$5.47M

Return for Risk

RCAT vs. MVST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RCAT

RCAT Risk / Return Rank: 56
RCAT Sharpe Ratio Rank: 51
RCAT Sortino Ratio Rank: 63
RCAT Omega Ratio Rank: 58
RCAT Calmar Ratio Rank: 54
RCAT Martin Ratio Rank: 53

MVST

MVST Risk / Return Rank: 10
MVST Sharpe Ratio Rank: 11
MVST Sortino Ratio Rank: 10
MVST Omega Ratio Rank: 10
MVST Calmar Ratio Rank: 7
MVST Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RCAT vs. MVST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Red Cat Holdings, Inc. (RCAT) and Microvast Holdings, Inc. (MVST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RCAT	MVST	Difference
Sharpe ratio: Return per unit of total volatility	0.23	-0.77	+1.00
Sortino ratio: Return per unit of downside risk	1.28	-1.19	+2.47
Omega ratio: Gain probability vs. loss probability	1.14	0.85	+0.29
Calmar ratio: Return relative to maximum drawdown	0.46	-0.89	+1.35
Martin ratio: Return relative to average drawdown	0.92	-1.40	+2.32

RCAT vs. MVST - Sharpe Ratio Comparison

The current RCAT Sharpe Ratio is 0.23, which is higher than the MVST Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of RCAT and MVST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RCAT vs. MVST - Drawdown Comparison

The maximum RCAT drawdown since its inception was -99.21%, roughly equal to the maximum MVST drawdown of -99.34%. Use the drawdown chart below to compare losses from any high point for RCAT and MVST.

Drawdown Indicators

	RCAT	MVST	Difference
Max Drawdown Largest peak-to-trough decline	-99.21%	-99.34%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-60.08%	-82.34%	+22.26%
Max Drawdown (3Y) Largest decline over 3 years	-67.16%	-94.40%	+27.24%
Max Drawdown (5Y) Largest decline over 5 years	-92.25%	-98.91%	+6.66%
Current Drawdown Current decline from peak	-35.60%	-95.39%	+59.79%
Average Drawdown Average peak-to-trough decline	-65.98%	-63.32%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.17%	52.31%	-22.14%

Volatility

RCAT vs. MVST - Volatility Comparison

Red Cat Holdings, Inc. (RCAT) has a higher volatility of 40.71% compared to Microvast Holdings, Inc. (MVST) at 26.91%. This indicates that RCAT's price experiences larger fluctuations and is considered to be riskier than MVST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RCAT	MVST	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.71%	26.91%	+13.80%
Volatility (6M) Calculated over the trailing 6-month period	85.22%	77.64%	+7.58%
Volatility (1Y) Calculated over the trailing 1-year period	120.36%	95.37%	+24.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.04%	187.75%	-72.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29,209.75%	159.77%	+29,049.98%

Dividends

RCAT vs. MVST - Dividend Comparison

Neither RCAT nor MVST has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both RCAT and MVST in my portfolio?

RCAT and MVST have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RCAT or MVST?

RCAT has higher volatility (40.71%) compared to MVST (26.91%). In terms of maximum drawdown, RCAT dropped -99.21% vs MVST's -99.34%.

Which has better risk-adjusted returns?

RCAT currently has the higher Sharpe Ratio (0.23 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.